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$ 595,000
Est. payment /mo
Active
501 Pittsfield Rd Mt. Sterling, IL 62353
0.56 Acres Lot
UPDATED:
01/31/2025 07:43 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12244904
Year Built 1979
Annual Tax Amount $3,351
Lot Size 0.560 Acres
Lot Dimensions 118X208
Property Sub-Type Mixed Use
Property Description
Donohoo's Family Hair Center is NOT going out of business or leaving Mt. Sterling. This incredible listing includes the real estate and gaming business (Treasure Island Gaming), with Donohoos Family Hair Center signing a lease-back agreement upon sale to ensure the continuity of their business at this location. Located in one of Mt. Sterling's most sought-after commercial districts, this investment property enjoys high visibility on Highway 99 near Dot Foods and exposure to a traffic count of over 5,000 per day. The building currently houses Donohoo's Family Hair Center, which generates steady foot traffic and will remain in operation under a lease-back from the current owner, providing an immediate return on investment. This opportunity gets even better with an established gaming business (Treasure Island Gaming) included, creating additional revenue streams for the new owner. With both the Donohoo's Family Hair Center lease-back and the Treasure Island Gaming, this is a rare chance for an entrepreneur or investor to achieve instant income. The property also features a versatile space designed for a restaurant or bar with a climate-controlled outdoor seating area-ideal for year-round use. This adaptable space can easily be converted to office space, retail, or other business ventures, making it a flexible asset., Office SQFT M/L: 0, Retail SQFT M/L: 0, Manufacturing SQFT M/L: 0, Other SQFT M/L: 920, Warehouse SQFT M/L: 0, Restaurant SQFT M/L: 900, 25+ Spaces, HiSpd Intrnt Fiber Avail
Location
State IL
County Brown
Area Mt. Sterling
Zoning COMMR
Interior
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 1
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Listed by Lance Grady • LG Realty
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